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in Millbrae, CA
Millbrae investors have two serious tools for financing rental and rehab deals. DSCR and hard money loans both skip personal income verification — but they serve very different strategies.
Picking the wrong one costs you time and money. At SRK CAPITAL, we work with 200+ wholesale lenders and see both loan types fund deals regularly in San Mateo County.
DSCR loans qualify you based on the property's rental income. If the rent covers the mortgage, you can get approved — regardless of your personal income.
These are 30-year loans. Millbrae landlords use them to hold rentals long-term without exposing their tax returns.
Hard money loans are short-term, asset-based financing. The lender cares about the property's value — not your credit history or income.
Terms typically run 6 to 24 months. Millbrae fix-and-flip investors use these to close fast and fund renovations.
DSCR rates run lower than hard money. Hard money lenders charge more because they move faster and take on riskier projects.
DSCR loans are permanent financing. Hard money loans are a bridge — you exit by selling or refinancing into a DSCR loan.
Buying a Millbrae rental and holding it? DSCR is your loan. It gives you stable, long-term financing tied to what the property earns.
Flipping a property or buying something that can't qualify for DSCR yet? Hard money gets you in fast. Many investors use hard money first, then refinance into DSCR once the property is stabilized.
Usually no. DSCR lenders want a rent-ready property. Use hard money for the rehab, then refinance into DSCR once it's stabilized.
DSCR loans typically require 620–660+. Hard money lenders focus more on the asset and may approve lower scores.
Fast — often 5 to 10 business days. That speed is the main reason investors pay the higher rate.
Some lenders accept Airbnb income projections. Not all do — SRK CAPITAL knows which wholesale lenders allow STR income.
Yes. That's a very common exit strategy. Once the property is leased and cash-flowing, DSCR replaces the hard money.
DSCR rates are lower. Hard money carries a premium for speed and flexibility. Rates vary by borrower profile and market conditions.